Wyoming Corporation v. Nevada Corporation

Check out the advantages of incorporating in Wyoming:

• No State Income Taxes
• No information collected to be shared with IRS
• Privacy allowed
• Shareholders are not listed with the state
• Best Asset Protection Laws
• Nominee officers are legal
• Citizenship not required
• State tax not being considered
• Wyoming draws little attention
• No Nevada "Stigma"
• Lower Startup Costs

Wyoming state fees are 87% less than Nevada's.  That includes the Nevada "hidden" officer filing fees of $125 that you learn about only after you start your company there, a fee Nevada will hit you within 30 days after you start your company!   Oh, and the state business license fee of $200 per year, which was just doubled on July 1st, 2009!  We bet they did not tell you about that "after-the-fact" fee either.

Wyoming has no business license fees or officer filing fees. This means we can deliver a quality company package for much less than you would pay in Nevada. And, your Wyoming state renewal fee is $50, in most cases, 84% less than what you will pay in Nevada. And, the nice thing about Wyoming is that is not the only reason to incorporate here.

• New 2010 study shows Wyoming to be the most business-friendly, lowest income tax state, of all 50 states...again, with an overall ranking of #2.

According to the new 2010 edition of the Tax Foundation's State Business Tax Climate Index, "Wyoming has the most business-friendly tax system of any state," for the fourth year in a row.

• Asset Protection

News Release: As if July 1, 2010 Wyoming has the best LLC asset protection law in the nation.  Click here for the details.

A Wyoming corporation or LLC offers its officers and directors the highest degree of protection from lawsuits filed by disgruntled creditors or over zealous plaintiff attorneys. Doing business as a Wyoming Corporation can give you asset protection and business privacy.  There is much information on this web site which outlines the benefits of  using various types of structures. The first LLC statutes in the United States were instituted in Wyoming in 1977 and changed in 2010 to stay current with the times.  Since Wyoming has had limited liability companies available longer than any other state and has the strongest laws protecting members and managers of an LLC, we feel it is the state of choice for establishing LLC's.

• Privacy

Wyoming allows Nominee Officers and Lifetime Proxies.  Attorneys and Accountants are often asked to provide an anonymous "company cover" for their clients. To do this, you need to appoint nominee officers and/or directors for the company. We can arrange this for you. See this section for the advantages of Lifetime Proxies; Nevada does not have them.

Nevada now requires the Social Security number, date of birth, resident addresses, and telephone numbers of all shareholders, partners, officers, managers and members of all companies formed in Nevada on the state's business license. We bet they did not tell you that.

• Freedom

You can operate your Corporation and live anywhere in the world and you do not have to be a US citizen to incorporate in Wyoming.  But, in order to give substance to your operation, you should know about our Office Service Contract and learn how use of this inexpensive option will give "presence" to your remote corporate operations.  And, if you are not a US Citizen, we have a whole section for you to read here.

• No State Taxes

There are no State taxes in Wyoming on corporations.  If you choose to incorporate in Wyoming, your company may not pay State taxes at all. Stop for a minute and think what you paid last year in your States income tax. If you are comparing Nevada and Wyoming, keep in mind that the Nevada State Legislature is being lobbied hard to install a corporate income tax.  Don't gamble that this will not happen.  Wyoming never has and never will have a state income tax on corporations. It is one of the only states with a budget surplus!

• Easy to Move 

Wyoming has made it easy to move your existing corporation to Wyoming.  That's something you can not do in Nevada.  That service is detailed here.

Special Easy-to-Use Wyoming Corporate Structures

Wyoming has Close Corporations.  These are special companies authorized by the Wyoming Legislature for small business owners.  Less paperwork is required to keep them going.  Few states have them. You can read about them here.

Wyoming now has Close LLC's.  Less paperwork. Easier to manage. Perfect for a closely held family company. You can see the details here.

Wyoming Corporate Services, Inc. has been in business in Cheyenne, Wyoming for many years.  We specialize in helping you incorporate in "tax free" Wyoming and have strategies to help you lower your tax liability in your home state, increase your asset protection, and give you back your privacy. We think that you will find the information you need, on this site, to help you make the decision to start your company in Wyoming!

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